FNZ, the leading global wealth management platform, has agreed to sell FNZ Bank to Advent and a consortium that includes HarbourVest Partners.
Under the terms of the agreement, the transaction is anticipated to close in the second half of 2027, pending standard regulatory clearances and other approvals.
The disposal aligns with FNZ’s broader ambition to concentrate on its principal wealth management technology operations and to serve large financial institutions at scale. The company said the move strengthens FNZ’s standing as a technology platform supplier to wealth businesses around the world, including in Germany, where FNZ Bank will remain an important client.
Once the deal closes, FNZ and FNZ Bank plan to maintain their existing partnership, with FNZ’s technology continuing to underpin the bank’s growth and client proposition.
FNZ said it will keep working alongside wealth management institutions throughout continental Europe, including Germany, Switzerland and the Nordic region, as these firms upgrade their technology infrastructure.
Barclays Bank PLC, through its investment banking arm, served as sole financial adviser to FNZ on the transaction, while law firm A&O Shearman provided legal counsel to the company.
FNZ Group CEO Blythe Masters said, “FNZ Bank has built a strong position serving advisers, asset managers and investors in Germany, and we know the business will continue to thrive under its new ownership.
“This transaction supports FNZ’s sharper focus on its core platform, providing wealth management technology to leading financial institutions. We look forward to continuing our relationship with FNZ Bank following completion, leveraging FNZ’s technology capabilities to support innovation and growth in the German market.”
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